WHO: HARBISON-WALKER REFRACTORY COMPANY
By order of the United States Bankruptcy Court for the Western District of Pennsylvania at
Case #02-21626.WHAT:A Harry Davis & Company BULK AUCTION SALE of 46±
Acres of Prime Real Estate, Extensive Refractory & Material Handling Equipment and
Tens of Thousands of Tons of Salvage Metals.WHEN:WEDNESDAY, JUNE 28, 2006 at 1:00 P.m.WHERE:921 Pere Marquette Rd., Ludington, Michigan
44931

DIRECTIONS - Rt. 31 to first Ludington exit, north to plant. (Plant is
98 miles from Grand Rapids, MI)

INSPECTION:TUESDAY & WEDNESDAY, JUNE 13-14, 2006 and by appointment. Call (800) 775-2289
TERMS:ALL BIDDERS must post a refundable $100,000 cashiers deposit PRIOR
to the auction sale. Deposit will be increased to 10% of the total bid price at the
auction. Subject to 10% Buyer's premium. Balance of purchase price to be
paid in full at closing in 30 days. Purchaser will execute a written agreement of sale at
time of the auction. The agreement of sale is available for immediate inspection. Bidder
to verify all specifications and descriptions of real and personal property. All due
diligence to be performed by bidder prior to the auction sale. Although information has
been obtained from reliable sources, the Auctioneer makes no warranty or guarantee,
express or implied as to the the accuracy of information in this brochure. Additional
terms to be announced at the sale.